FX.co ★ South Korean Consumer Confidence Remains Stable

South Korea's consumer confidence remained stable in April, following a slight dip in March, according to the results of a survey conducted by the Bank of Korea. The consumer confidence index was reported at 100.7 in April, mirroring the same data from March.

The survey was carried out between April 8 and 16 and involved 2,500 households. The sub-index, used to assess current living standards, remained at a steady 89 in April.

In a similar vein, the economic indicator that measures anticipated household income remained consistent at 99. On the brighter side, future living standards were predicted to follow an upward trend with the corresponding index elevating from 93 to 94.

Expectations regarding interest rates saw a surge in April, reflected by the rise in the measure from 98 to 100. Predictions for the inflation rate in the forthcoming year lowered slightly to 3.1 percent, compared to the previous 3.2 percent presented in March.